Welcome!




Expand Your Education with These Courses from
The Psychology of Consultative Selling: Skills for Sales Success: Part Four.
Effective Presentation Skills for Sales Professionals: Skills for Sales Success: Part Five.
Bundle 1: CIPS Core Course (US Version).
Bundle 2: CIPS Elective Courses (Non-US Version).
Bundle 2: CIPS Elective Courses (US Version).

Case-Shiller: Home-Price Gains Slowed in June in All 20 Major Cities

Have a comment on this article? Share on Facebook!

By Tim Logan

home_price_concept(2)(MCT)—Home prices continued to cool off in June, according to new figures out this week.

The Case-Shiller index reported that home prices grew just 6.2 percent in June compared with a year earlier. All 20 cities the index tracks saw price gains slow down in the month, the first time that’s happened since February 2008.

In Los Angeles, prices grew 10.5 percent year over year, Case-Shiller says. That’s a relatively strong gain, but far slower than the pace seen a year ago. From May to June, prices in LA climbed 0.6 percent, barely half as fast as they did from April to May. Nationally, prices grew 0.9 percent in June compared with May.

This trend of slowing but not falling prices, taken with other measures of the market, is probably a healthy thing, analysts say.

“Home price gains continue to ease as they have since last fall,” says David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “Other housing indicators—starts, existing home sales and builders’ sentiment—are positive. Taken together, these point to a more normal housing sector.”

The slowdown could continue in the coming months, especially if the Federal Reserve raises interest rates early next year, Blitzer predicted.

©2014 Los Angeles Times
Distributed by MCT Information Services

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>